Tax
Wealth inflows continue strong growth; MAS aims to cut processing time for tax perks
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered...
Tan Chong expects 86% fall in profit after tax for H1 2024 on ‘severe drop in sales’
Markets with ‘significant losses’ include Malaysia, Thailand, Taiwan, Singapore and the PhilippinesAUTO dealer Tan Chong International is expecting an 86.6 per cent fall in profit after tax to HKD$25...
Netflix, Paramount ask Canada court to quash new Trudeau tax
US STREAMING service giants are asking a Canadian court to block Prime Minister Justin Trudeau’s new 5 per cent tax on their revenues in the country, which is supposed...
California lawmakers advance tax on Big Tech to help fund news industry
SACRAMENTO — The California state Senate on Thursday passed legislation aimed at helping the news industry by imposing a new tax on some of the biggest tech companies in the...
HSBC brings out tax tools for UK businesses ahead of new rules
HSBC Holdings is rolling out accounting and tax tools for its small United Kingdom business customers, who will soon have to give the government a lot more information on...
EV automakers get reprieve in US tax credit rules
THE US government gave automakers a reprieve on Friday (May 3) when finalising electric vehicle (EV) tax credit rules, by letting cars that contain Chinese graphite qualify for the...
UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions
UNITED Overseas Insurance : U13 0% (UOI), the general insurance arm of UOB, announced a profit before tax of S$8 million for the three months ended Mar 31, a...
Italy seizes US$69 million from Carrefour unit over alleged tax fraud
ITALIAN prosecutors seized US$68.93 million from an Italian unit of French supermarket group Carrefour in connection to a probe on VAT fraud and labour exploitation, legal documents seen by...
